Russia's Uralkali agrees H1 supply contract with China

MOSCOW

MOSCOW Jan 20 Russia's Uralkali has
agreed to sell 700,000 tonnes of potash to Chinese importers at
a price of $305 per tonne on a cost and freight (CFR) basis in
the first half of 2014, a source familiar with discussions told
Reuters.

Uralkali, the world's largest potash producer, confirmed the
price and the volume of the deal in a statement later on Monday.

The company supplied potash, the crop nutrient, at a price
of $400 a tonne on a CFR basis to China in the previous contract
which ran until mid-2013.